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Will double tariffs on foreign steel from 25% to 50%, says Trump

Trump had gone to the plant near Pittsburgh to champion an expected deal between US Steel and Japan's Nippon Steel Corp.

Bond markets are returning to normal but other fiscal numbers are a concern

It may not stay that way given the gathering risks, notably credible estimates that deficits will continue to run well higher than 3 per cent of GDP

India searches for partners beyond US to build fighter jet engines

The engines being considered are from the UK, France and Japan and India wants to start the project quickly

KG Motors looks to kickstart Japan's electric-vehicle market with Mibot

KG Motors has developed a battery-powered one-seater that more resembles a futuristic golf cart than it does a modern EV, much less a traditional car

North Korea's growing military support to Russia flagged in report

Last year North Korea transferred to Russia at least 100 ballistic missiles, which were subsequently launched into Ukraine to destroy civilian infrastructure

Harvard reprieve from Trump's foreign student ban extended by judge

The US maintains that Harvard has failed to comply with the terms of its certification for enrolling foreign students

Obscure tax item in Trump bill sparks concern across Wall Street circles

Section 899 of the House-passed bill seeks higher US tax rates on individuals and firms from countries with tax policies deemed "discriminatory" under the "Unfair Foreign Taxes" enforcement clause

Trump to hold press conference at White House with Musk as he departs DOGE

The event will unfold after Musk, chief executive officer of Tesla Inc. and SpaceX, criticised Trump's biggest legislative priority, the tax cut proposal known as the 'One Big Beautiful Bill'

Oil tankers going dark off Malaysia amid Iran-China trade scrutiny

Over recent months, more vessels have started switching off their transponders as they near waters off eastern Malaysia, a hotspot for the transfer of Iranian oil to China

Trump admin tightens China chip curbs by targeting design software

The Trump administration this year banned Nvidia from selling its H20 chips to Chinese customers, the third round of such restrictions since 2022

US economy contracts 0.2% in Q1 on weak spending, record trade drag

The slight upward revision in GDP reflected stronger business investment and a greater accumulation of inventories. Federal government spending wasn't as much of a drag as originally reported

United, JetBlue in partnership to share routes and slots at JKF, Newark

The agreement fulfills United Chief Executive Officer Scott Kirby's desire to secure flights at JFK at a time when air traffic control problems are hampering operations in Newark

Trump can offset tariff ruling with other taxes, says Goldman Sachs

Trump could apply Section 122 tariffs of up to 15 per cent for 150 days or initiate investigations under Section 301, though those would take longer to implement

Trump's student ban causing harm despite judge's block, says Harvard

Harvard sued President Donald Trump's administration on May 23, and US District Judge Allison Burroughs blocked the ban about two hours later

Japan expands military build-up against China with US stand in doubt

For the first time, Japan sent destroyers through the Taiwan Strait on two occasions in recent months

UK taps Ukraine lessons to invest GBP 1 billion into warfare systems

In its strategic defense review, expected to be published in full next week, the UK will also set up a new Cyber and Electromagnetic Command to protect military networks

Donald Trump asks Harvard to cap foreign student enrollment at 15%

Trump's comments come as the administration pushes the school and other academic institutions to change many of their policies

Elite colleges go on $4 bn debt spree after Donald Trump's threats

Harvard University, the face of the fight, has boosted its debt load 16% after a bond sale in April

China's development lender AIIB plans to open Singapore, Hong Kong offices

The bank may announce the move at its annual meeting in June if it can finalise the host member agreements with their respective governments

Opec+ to gather for quota review before key decision on July output

The more market-sensitive discussion on whether to continue their 411,000 barrel-a-day hikes, which have sent prices crashing over the past two months, will be finalised in a video conference